Biden vows to block US Steel acquisition by a Japanese company and promises tariffs on Chinese steel
President Joe Biden has told an audience of cheering unionized steelworkers that his administration will block the acquisition of U.S. Steel by a Japanese company, potentially. And he's calling for a tripling of tariffs on Chinese steel. The Democratic president is seeking to use trade policy to win over working-class votes in Pennsylvania, an election-year battleground. He said Wednesday that U.S. Steel “has been an iconic American company for more than a century and it should remain totally American.”... Читать дальше...